Heico Corp. - Ordinary Shares - Class A
HEI.A - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$34.93B
Close$
Earnings Call Q3 2026
August 26, 2026 - AI Summary
Record Q3 performance (strong upside + profitability expansion):
- Net sales $1,413.1M (+23% YoY, record); operating income $355.2M (+34% YoY, record); net income $235.4M (+33% YoY, record) = $1.67/diluted share.
- EBITDA $415.2M (+31% YoY).
- Electronic Technologies Group (ETG) set records: operating income +55% and net sales +36% YoY; Flight Support Group (FSG) set records: operating income +24% and net sales +18% YoY.
- Management emphasizes “cash margin” (EBITDA-like, excluding acquisition amortization) continues to rise—signaling real earnings quality, not just accounting optics.
Organic growth is broad-based and demand is “pull-forward” (surprising strength):
- Consolidated organic growth ~18% (ETG) and ~12% (FSG); investors were told growth is broad across verticals (defense, commercial aviation/aerospace, and “industrial tech” markets).
- Backlog and orders are described as very strong/record again; customers have been asking to expedite/pull forward delivery, with management saying it doesn’t yet look like it creates a later gap.
- Notably, bookings trends were characterized as strong, including in industrial tech where growth “standouts” were cited.
Margins: cash-margin improvement, but GAAP margin expectations are still tempered (good but cautious):
- FSG operating margin 25.9% vs 24.7% YoY, but management highlights acquisition-related intangible amortization uses ~200 bps of margin; cash margin ~28.5% (vs 27.4% prior year).
- ETG operating margin 26.0% vs 22.8% YoY, with ~390 bps amortization drag; ETG cash margin ~29.9% (vs 26.6% prior year).
- Outlook language (important): CFO indicated management still expects ~22%–24% GAAP margins in the segment (implying ~26%–28% EBITDA/cash margins) for the year despite the strong last two quarters—i.e., “mix sensitivity” and cadence could cause volatility.
Exclusive for Stockcircle Pro members
Sign up
$148.91
40.4% downside
Current Fair Value
40.4% downsideOvervalued by 40.4% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $34.93 Billion |
|---|---|
| Enterprise Value | $37.23 Billion |
| Annual dividend | $0.25 |
| Dividend yield | 0.08% |
| Earnings per Share | $4.97 |
| Beta | 1.13 |
| Outstanding Shares | 139,702,000 |
Return
| Return on Equity | 16.87% |
|---|---|
| Return on Assets | 8.53% |
| Return on Invested Capital | 13.81% |
Valuation & Multiples
| P/E Ratio | 52.86 |
|---|---|
| PEG | 161.34 |
| Price to Sales | 6.76 |
| Price to Book Ratio | 6.25 |
| Enterprise Value to Revenue | 7.19 |
| Enterprise Value to EBIT | 30.18 |
| Enterprise Value to Net Income | 43 |
| Total Debt to Enterprise | 0.07 |
| Debt to Equity | 0.51 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 25, 2026
EPS Estimate
$1.52
Consensus analyst estimateRevenue Estimate
$1.36 B
Consensus analyst estimateNext Earnings Call
Expected Date
December 21, 2026
EPS Estimate
$1.64
Consensus analyst estimateRevenue Estimate
$1.43 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 1035.06% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 2.85%▼ 47.38% |
|---|---|
| Total Invested | $906.63M▼ 94.97% |
| Investors Holding | 203▼ 471.00% |
About Heico Corp.
6,000 employees
CEO: Laurans Mendelson
HEICO Corporation is an aerospace and electronics company that focuses on niche markets. HEICO’s products are found in aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems.